Solved: Did vallejos net income as a percent of sales increase, Accounting Basics

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Did vallejos net income as a percent of sales increase

1. Vertical analysis (common-size) percentages for Vallejo Company's sales, cost of goods sold, and expenses are listed here.

Did Vallejo's net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer.

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Accounting Basics: Did vallejos net income as a percent of sales increase

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